Bluefield Solar Income Fund (LON:BSIF) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Bluefield Solar Income Fund (LON:BSIF) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 93.38 ($1.15) and traded as low as GBX 86 ($1.06). Bluefield Solar Income Fund shares last traded at GBX 86.50 ($1.07), with a volume of 999,119 shares trading hands.

Bluefield Solar Income Fund Stock Performance

The firm has a 50 day moving average price of GBX 93.38 and a two-hundred day moving average price of GBX 102.37. The company has a market cap of £523.08 million, a P/E ratio of 288.33 and a beta of 0.14.

Insider Activity at Bluefield Solar Income Fund

In related news, insider Glen Suarez bought 10,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was purchased at an average cost of GBX 98 ($1.21) per share, with a total value of £9,800 ($12,083.85). 5.42% of the stock is owned by company insiders.

About Bluefield Solar Income Fund

Bluefield Solar Income Fund (BSIF) is an investment company focused on the acquisition and long-term management of a diversified portfolio of low carbon assets in the UK, with a primary focus on solar assets. The fund’s initial public offering (IPO) was in July 2013, making it the first investment company focused on solar PV to be listed on the London Stock Exchange (LSE).